S&P CONFIRMS A — RATING OF CGPA GROUP

S&P CONFIRMS A- RATING OF CGPA GROUP

S&P has recent­ly confir­med CGPA Group’s rating with the award of a Finan­cial Rating of A- (Stable). CGPA Europe bene­fits from the same rating.

The rating agen­cy has nota­bly high­ligh­ted CGPA Group’s strengths, such as its “well-esta­bli­shed posi­tion in pro­fes­sio­nal lia­bi­li­ty insu­rance, its sizable capi­tal buf­fer at the excellent level as per [S&P’s] risk-based model, and its pru­dent reser­ving and pri­cing poli­cies”. The rene­wal of this rating high­lights the finan­cial soli­di­ty of CGPA Group.

This rating is lin­ked to the Group’s lea­ding posi­tion in its tar­get mar­ket, the pro­fes­sio­nal indem­ni­ty of insu­rance inter­me­dia­ries, as well as its inter­na­tio­nal growth in Europe. Indeed, CGPA Europe — based in Luxem­bourg — has deve­lo­ped its acti­vi­ties across Europe, and has recent­ly ente­red the Spa­nish and Ger­man markets.

CGPA Group has been dedi­ca­ted to pro­tec­ting insu­rance inter­me­dia­ries for 90 years, and has is always shown stable pro­fi­ta­bi­li­ty. With its 531% Sol­ven­cy II mar­gin, a “very strong” risk pro­file and this finan­cial rating, CGPA Group shows signi­fi­cant finan­cial strength, which is a gua­ran­tee of sta­bi­li­ty and trust for its policyholders.